Utilize este identificador para referenciar este registo:
https://hdl.handle.net/1822/1346
Título: | The political economy of failed stabilization |
Autor(es): | Veiga, Francisco José |
Palavras-chave: | Inflation stabilization Failure Political economy |
Data: | 2003 |
Editora: | Universidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE) |
Relatório da Série N.º: | NIPE - Working Paper series 13/2003 |
Resumo(s): | This paper is an empirical analysis of the likelihood of failure of inflation stabilization programs. Logit models are estimated on a dataset of 39 programs implemented in 10 countries since the late 1950s, in order to determine which economic and political variables affect the probability of failure of stabilizations. Besides the well-known effects of real exchange rate appreciation, decreasing foreign reserves, budget deficits and slower GDP growth, I find that political instability, party fractionalization, less pluralism or democracy (greater autocracy), longer time in office and leftist incumbents also increase the probability of failure of inflation stabilization plans. |
Tipo: | Documento de trabalho |
URI: | https://hdl.handle.net/1822/1346 |
Acesso: | Acesso aberto |
Aparece nas coleções: | NIPE - Documentos de Trabalho |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
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NIPE_WP_13_2003.pdf | 241,77 kB | Adobe PDF | Ver/Abrir |